Plant and Equipment Insurance
With valuable heavy equipment comes specialist needs. Cover liability, damage to machines and lost profits under one tailored plant and equipment insurance package.
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.
Plant and Equipment Insurance
Rely on a reputable insurance broker
What is Plant and Equipment Insurance Insurance?
Plant and Equipment Insurance otherwise known as Industrial Special Plant (ISP) is designed to provide protection for industrial equipment. It’s ideal for industries such as civil works, agriculture, manufacturing, construction and mining.
ISP is typically a packaged form of insurance; it often includes cover for liability of business activities, loss or damage to machinery/equipment, and lost revenue if a machine is damaged and unable to work.
Whatever your business activities, a comprehensive package will ensure your assets and operations are shielded from the unforeseen.
What can be covered
- Accidental loss/damage
- Third-party liability
- Hired-in machinery
- Damage to lifted goods
- Recovery costs
- Lease protection
- Road risks
What may not be
- Operation of equipment under drug or alcohol influence
- Deliberate or reckless acts
- Pollution liability
- Mechanical breakdown not caused by accident/damage
Get started with Plant & Equipment Insurance
Whatever your business activities, a comprehensive package will ensure your assets and operations are shielded from the unforeseen.
Plant and Equipment Insurance claim example
Jonathan operates a small earthmoving business with a tipper truck, excavator and skid steer loader. He takes out an ISP package with his broker to cover these vehicles and his public liability.
A good contract comes up where Jonathan wins the tender. Part of the job requires a dozer – so Jonathan hires one in and lets his broker know so it’s noted on his policy.
The dozer is vandalised while left on site, and unsafe to use. Jonathan’s ISP policy will pay to both repair the hired in plant, as well as the additional costs he has to pay the hiring company while it is out of action. Knowing that this is all covered, Jonathan is able to hire another dozer to keep work progressing on his contract.
Why Choose CIB?
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Our Expertise
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
Your Partner
Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.
Clear Terms
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
Full Cover
We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.
What our clients have to say
109 James St, New Farm
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I had the pleasure of working with Aimee Spencer at Consolidated Insurance Brokers, and I couldn’t be more impressed. Aimee is extremely professional and consistently provides prompt responses to all queries and requests. … More She goes above and beyond to ensure a smooth and successful transaction, making the entire process hassle-free. It's rare to find someone so dedicated and knowledgeable in the industry. Highly recommend Aimee for anyone looking for top-notch service!
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Thank you so much Clayton Rowlings.Professional, friendly and works to get you the best outcome. Not only saved m $1900 a year on fees, but when I needed to use the insurance, it was sorted quickly and with a great result. … More Happy to recommend to any sole trader or small business
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I have a unique property that needed insuring. Rejected by many, Alison Neve worked tirelessly to ensure I got the best cover. I will and would highly recommend her for insurance needs. I found her to be honest and helpful. … More Much appreciated Alison.
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Alison was fantastic to deal with. She found us really comprehensive cover that worked out cheaper than our old plans. Super easy to work with and made the whole process stress-free. Highly recommend!
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I was actually having trouble getting my work insurance on my own and was recommended consolidated insurance. Debbie Blanco was the person I delt with absolutely fantastic work. Within about 24 hours of talking to Debbie … More the first time she had found me great cover at a fantastic price and had my policy done paid and returned to me. I would highly recommend this company to anyone. Special thanks to Debbie for making the experience joyful and seamless a huge stress off my shoulders will be using Debbie for all my future insurance needs.
How can we help?
With access to a range of quality insurers, and policies not available to the public, we can offer you a range of competitive quotes.
We’ll help you compare the price with the coverage offered for each, so you can make the best choice for your equipment and activities’ protection.
You’ll also receive recommendations for extras for your highest risks, so you’re not paying for a policy that doesn’t cover what you need. For every new business quote and renewal, we break down all important changes and comparisons for you in plain English.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
No Obligations, Completely Free
Get a Quote Today
Talk today with our team to find the right kind of insurance that will suit your needs.